It was a week of important developments Apple Inc. (NASDAQ:AAPL) and its rivals. The possible departure of a top executive, a strategic reset, a major legal appointment and a foldable phone war were among the top stories.
Apple CEO Johny Srouji is considering leaving
The possible departure of Apple’s best chip manager, Johnny Sroujhas raised concerns about the stability of the company’s leadership as it faces mounting pressure to accelerate its ambitions in artificial intelligence. Srouji, the senior vice president of hardware technologies, is reportedly “seriously” considering leaving the company, according to a report from Bloomberg’s Mark Gurman. This news comes amid months of Srouji “evaluating his future” at Apple.
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Analyst says leadership changes position Apple as leader in AI
On Friday, Gen Munster by Deepwater asset management suggested that Apple’s recent leadership change is a strategic reset aimed at strengthening its position in artificial intelligence. Munster believes this move will pay off and predicts Apple stock will lead the Magnificent 7 through the spring.
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Apple, Nike and Amazon named as top picks in CNBC’s halftime report
Meanwhile, Apple, Nike Inc. (NYSE:NYSE) And Amazon.com Inc. (NASDAQ:AMZN) were among the top picks on CNBC’s “Halftime Report Final Trades.” Bryn Talkington, managing partner of Requisite Capital Management, selected Nike as her latest trade, buoyed by a recent upgrade from Wells Fargo analyst Ike Boruchow. Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, cited Amazon as his latest trade.
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Samsung unveils Galaxy Z TriFold before Apple Foldable
On the other hand, Samsung Electronics Co. Ltd (OTC:SSNLF) revealed the Samsung Galaxy Z TriFolda three-panel phone that folds twice into a hybrid tablet-phone with a 10-inch display. This launch, which precedes Apple’s long-rumored first foldable iPhone, could redefine the foldable market.
Read the full article here.
Apple appoints Meta Legal Chief Jennifer Newstead as General Counsel
Finally, Apple has named Meta Platforms Chief Legal Officer Jennifer Newstead as its new General Counsel and Senior Vice President. Newstead, who previously served as legal counsel to the U.S. Department of State, will take on the role of senior vice president at Apple next month and take on the role of general counsel in March.
Read the full article here.
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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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